Can India become next economic powerhouse? By Deepak Parvatiyar September 24, 2014 It was in December 2012, at a time when Indian economy faced a declining curve that the US intelligence predicted India’s emergence as an economic superpower by the year 2030 by riding high on its large working-age population. Recently eminent journalist, Farid Zakaria, after interviewing Prime Minister Narendra Modi, too triggered a fresh debate on the lasting repercussions of Modi’s elevation as PM on India’s economy. Indian Economy: Strengths and Weaknesses Before we evaluate the probable scenario, it is a fact that India is already the world’s fourth largest economy. Still we grapple with the problems of holistic development. We are not yet a developed country in the sense the world perceives a developed nation to be. An accepted definition of an economic superpower is a nation with robust financial powers and resources, whose economy could influence the economies of other cou
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